SEBI will scrutinise firms offering algorithmic trading services that claim high returns but cannot be audited or validated.
September 27, 2022Companies including Alibaba, Tencent, Meituan, ByteDance and Baidu submitted algorithm information to regulators to comply with requirements adopted in March.
August 16, 2022The measures include enhanced disclosures for borrowers, consent-based data collection, a cooling-off period for online loans, and the establishment of a new SRO.
August 12, 2022The amendments seek to encourage innovation while also protecting fair competition in the market, incuding by raising penalties for monopolistic behaviour.
June 28, 2022China will cultivate a unified national ecological and environment market and create unified carbon emissions and water rights trading markets.
April 19, 2022Stablecoins must be treated as DPTs rather than e-money. A new notice specifies a risk warning that must be provided to all customers of DPT services.
March 16, 2022New measures include expanding the use of biometric technology, strengthening fraud surveillance and detection algorithms, and enabling customers to trigger account freezes.
February 18, 2022SEBI is concerned that investors are increasingly using unregulated third party applications and algorithms to automate decision-making and trading.
December 14, 2021The new guidance warns that companies will be held accountable for misusing algorithms. An algorithm registration system will be established.
October 7, 2021A new OECD report identifies four determinants of trustworthy AI in the financial sector - transparency, fairness, data governance and accountability.
September 29, 2021